This work aims to identify a terminology and relevant expressions of the oil and gas domain and structure it as a taxonomy. To this end, a list of relevant terms in the area was built, based on various sources, and then the list was structured hierarchically by rules. The taxonomy elaboration process followed theoretical and methodological aspects used by several similar works within the area. The work tries to show that the identification of a technical domain terminology and its structuring as a taxonomy can serve as the first stage of the identification of entities in a domain. Because of this, the work also proposes to discuss strategies for identifying named entity and to enable a dialogue between two areas: Natural Language Processing (NLP) and Linguistics. In general, the taxonomy presented is expected to supply, at least in a modest way, the lack of linguistic resources for techniques of Natural Language Processing (NLP) and Information Extraction (EI), within the area of oil and gas.